Carrier Global Corp [CARR] stock is trading at $67.36, up 2.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CARR shares have gain 6.70% over the last week, with a monthly amount glided 4.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Carrier Global Corp [NYSE: CARR] stock has seen the most recent analyst activity on July 15, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $75 from $64. Previously, Citigroup upgraded its rating to Buy on June 24, 2024, and elevated its price target to $74. On October 12, 2023, downgrade downgraded it’s rating to Underperform but maintained its price target of $56 on the stock. JP Morgan downgraded its rating to a Underweight but stick to its price target of $53 on October 06, 2023. BofA Securities downgraded its rating to a Underperform and reduced its price target to $55 on October 05, 2023. Mizuho downgraded its rating to Neutral for this stock on September 14, 2023, and downed its price target to $61. In a note dated June 08, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $49 to $47.
Carrier Global Corp [CARR] stock has fluctuated between $45.68 and $66.99 over the past year. Currently, Wall Street analysts expect the stock to reach $54.79 within the next 12 months. Carrier Global Corp [NYSE: CARR] shares were valued at $67.36 at the most recent close of the market. An investor can expect a potential drop of -18.66% based on the average CARR price forecast.
Analyzing the CARR fundamentals
Carrier Global Corp [NYSE:CARR] reported sales of 23.01B for the trailing twelve months, which represents a growth of 17.24%. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.14 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 66.50 points at the first support level, and at 65.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.96, and for the 2nd resistance point, it is at 68.56.
Ratios To Look Out For
For context, Carrier Global Corp’s Current Ratio is 1.36. Further, the Quick Ratio stands at 0.99, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 2.64, the price to book ratio is 5.25 and price to earnings (TTM) ratio is 46.85.
Transactions by insiders
Recent insider trading involved Crockett Kyle, VP, Controller & CAO, that happened on May 21 ’24 when 4611.0 shares were sold. Senior VP & CLO, O’Connor Kevin J. completed a deal on May 16 ’24 to sell 20000.0 shares. Meanwhile, Senior VP & CHRO Villeneuve Nadia sold 98428.0 shares on May 10 ’24.
